Returns – Page 152
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Dutch pension funds remain ‘vulnerable’
[13:00 CET 27-11] NETHERLANDS – The Dutch pensions supervisor, De Nederlandsche Bank (DNB), has reported in its November financial stability report that the financial situation of pension funds remains vulnerable, writes Mariska van der Westen for our Dutch sister publication IPN. The DNB says that funds have not yet recovered, ...
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Irish pensions framework to have lead-in time
[16:50 CET 26-11] IRELAND – Mary Hanafin, minister of social and family affairs, has admitted the National Pensions Framework being developed by the government will not be introduced immediately, in order to minimise pressure on the pension industry.
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UK roundup - Essex, Strathclyde, Equitable Life and Telent
[16:00 CET 25-11] UK – Essex County Council is re-tendering the contract for investment consultants to its pension fund, while Strathclyde is tendering three property mandates.
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Norway should resume full payment to Global Fund - IMF
[16:45 CET 24-11] NORWAY - The IMF has warned the Norwegian government that it should resume full payment of oil revenues to the Government Pension Fund - Global by reducing the country's non-oil budget deficit to 4% of the Global Fund's value, and within the three remaining years of its ...
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BPF Bouw restores indexation
[15:30 CET 24-11] NETHERLANDS - The recovery of BPF Bouw, the €26bn pension fund for the Dutch building industry, has been so successful this year that it is now planning to grant all participants indexation of 1.45% from next year.
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PNO Media cover ratio edges upwards
[15:00 CET 23-11] NETHERLANDS - The €2.8bn pension fund PNO Media saw its cover ratio rise to 100.9% during the third quarter of this year, thanks to a 10.1% return on investments.
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German employer contributions stabilise at 20%
[13:30 CET 23-11] GERMANY – The German government’s pension report for 2009 has revealed that employer contributions to pensions will remain stable at 19.9 % until 2014, despite the current economic crisis.
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PFA increases market share as it posts 5.1% return
[16:30 CET 20-11] DENMARK - PFA Pension saw its market share increase in the first nine months of the year despite reporting a fall in gross premium income.
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C&W to split UK scheme as part of demerger
[14:00 CET 18-11] UK – Cable & Wireless has confirmed its UK defined benefit (DB) pension scheme will be split in half as part of the demerger of its worldwide arm.
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Positive link between ESG and financial performance - Mercer
[16:55 CET 17-11] GLOBAL - More academic research has shown that environmental, social and governance (ESG) factors can have a positive impact on portfolio returns.
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ABP's improved funding prompts indexation payout
[16:45 CET 16-11] NETHERLANDS - The €180bn civil service scheme ABP will grant its participants indexation of 0.45% in 2010, as its funding ratio has recovered to the minimum required level of 105%.
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News
Romanian pensions deliver 18.7% in 12 months
ROMANIA – Mandatory second pillar pension funds in Romania have generated a 14.6% average positive return since the start of the year, according to the latest figures from the Romanian Pension Funds’ Association (APAPR).
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UK telecoms firms could be forced to plug BT pension
[14:00 CET 13-11] UK – UK-based telecoms companies could in future be required to indirectly contribute to the BT Group's defined benefit pension fund, as Ofcom, the communications regulator, is reviewing the pricing level of charges for BT's wholesale services to other communication companies.
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UK DB funding roundup: Inflation worries hit deficits
[15:00 CET 12-11] UK – The aggregate funding position of almost 7,400 defined benefit (DB) pension schemes improved by more than £50bn to a deficit of £97.6bn (€108.1bn) after updated valuation assumptions reduced liabilities by 7%, the Pension Protection Fund (PPF) has revealed.
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PensionDanmark’s growth kept afloat by pension transfers
[13:00 CET 12-11] DENMARK - Despite dwindling employment levels in Denmark, PensionDanmark’s premium income rose 2% year-on-year in the first nine months of the 2009, thanks to a hefty increase in pension transfers moving to the firm.
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News
UK regulator warns of recovery plan reliance on markets
[16:30 CET 11-11] UK – Despite the recent economic conditions, 40% of defined benefit (DB) and hybrid recovery plans with a scheme valuation date between September 2007 and 2008 managed to avoid the Pensions Regulator's (TPR) funding triggers.
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PPF to revise UK insolvency risk assessment
[16:40 CET 10-11] UK – The Pension Protection Fund (PPF) has proposed changes to the assessment of insolvency risk for the 2011/2012 levy, including the exclusion of registered charges caused by contingent assets when calculating failure scores.
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Norway Global sees record return despite external losses
[16:15 CET 10-11] NORWAY – The Norwegian Government Pension Fund – Global posted its "best ever" quarterly return of 13.5% between June and September, even though externally-managed assets lost ground, and raised the value of the fund to NOK2.55trn (€304bn).
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News
PIMCO put on watch as PPF's LDI strategy drives return
[17:05 CET 06-11] UK – The UK Pension Protection Fund (PPF) reported a return of 13.4% in the year to March 2009, although this was primarily driven by the success of its swap portfolio overlay.
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TNO fund returns 7.5%
[16:45 CET 06-11] NETHERLANDS - The €1.9bn pension fund of TNO, the institute for applied technical research, saw its investments return 7.5% during the third quarter, taking its total return to 9% this year.